Affiliation:
1. Tianjin University of Finance and Economics
2. University of Science and Technology Beijing
Abstract
Abstract
Employing Chinese A-share listed manufacturing businesses between 2011 and 2021, this research conducts an empirical analysis to study the effect of digital finance on corporate green innovation efficiency. Our discoveries suggest that digital finance improves manufacturing firms’ green innovation efficiency. After a few robustness tests, our results are still accurate. The effect is more pronounced in Zhejiang Province and central and western regions. According to a mechanism analysis, digital finance increases the effectiveness of green innovation by removing financing constraints. The findings offer policy suggestions for manufacturing companies to implement green innovation and improve its efficiency. Firstly, digital finance development should be accelerated. Secondly, keep an eye on the variations in digital finance. Finally, there has to be more regulation of digital finance.
Publisher
Research Square Platform LLC